| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $135M | — | 4.3% | — |
| Op. Income | -$111M | -$45M | — | -144.9% | — |
| Gross Margin | 75.1% | 71.8% | — | 3.3pp | — |
| Net Margin | -86.4% | -16.1% | — | -70.4pp | — |
| EPS (Diluted) | $-14.80 | $-3.00 | — | -393.3% | — |
| Free Cash Flow | -$26M | $4M | — | -758.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $106M |
| R&D Expenses | $20M |
| Selling & Marketing | $13M |
| General & Administrative | $53M |
| SG&A Expenses | $66M |
| Other Expenses | $131M |
| Operating Expenses | $216M |
| Cost & Expenses | $251M |
| OPERATING INCOME | -$111M |
| Interest Income | $10.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$127M |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | -$121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$121M |
| D&A | $49M |
| EBIT | -$119M |
| EBITDA | -$70M |
| EPS | -$16 |
| EPS Diluted | -$15 |
| Item | Amount |
|---|---|
| Net Income | -$121M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $237M |
| PP&E (Net) | $29M |
| Goodwill | $1.0B |
| Intangible Assets | $827M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $167M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $22M |
| Short-Term Debt | $73M |
| Deferred Revenue | $214M |
| Other Current Liabilities | $124M |
| TOTAL CURRENT LIABILITIES | $458M |
| Long-Term Debt | $584M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $83M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $722M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$390M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $676M |
| Net Debt | $632M |
